How to Buy Obyte (GBYTE)

A Step-by-Step-Guide on how to buy Obyte (GBYTE)

Step 1 – Join Kraken

In the beginning you'll need to purchase units of the bigger coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below for registration and to get Bitcoin (BTC) or Ethereum (ETH).

Binance Signup
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Obyte (GBYTE) is accessible on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow this manual)

Make sure you've chosen the right coin you wish to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so forth. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our manual).

Step 3 – Find Obyte (GBYTE)

Once your deposit has been confirmed, you'll immediately have access to your funds and you can commence invest and trading. To purchase Obyte (GBYTE) on Binance, you'll want to go to the tab which is called “Exchange” and then mouse click on “Basic”.

In order to spot Obyte (GBYTE), you'll need to put the shortname of the coin (GBYTE) into the search-box, which is highlighted in the graphic. Be certain of having selected the correct pairing, we've highlighted this too. Click on “GBYTE/BTC” to continue.

Binance Hot To Buy Obyte (GBYTE)
Binance How to Buy (GBYTE) Obyte
Step 4 – Buy Obyte (GBYTE)

After you've located Obyte (GBYTE), you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). Next we are going to make our own Limit Order.

The field with the “Price” tag will be filled automatically with the most recent price Obyte (GBYTE) was sold for. You can change this to your desired price. The field with the “Amount” tag is the amount of GBYTE you like to purchase. The ”Total” field is the total price in BTC that you will settle for the complete volumen of GBYTE.

When you're glad, make a mouse click on “Buy GBYTE”. Your order will be filled when a Seller sells their GBYTE for the price you submitted.

Step 5 – Withdraw Obyte (GBYTE)

Unless you are frequently trading, you should never keepyour coins on an Crypto Exchange for an longer time frame. In order to take off your Obyte (GBYTE), go to the tab called “Funds” and mouse click on “Withdraw”. Obyte (GBYTE) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Obyte (GBYTE) by using the given drop-down box. Put into the amount of Obyte (GBYTE) you'd like to take off. Take into account the shown minimus/fees. Also make sure you have filled your right withdraw address.

When you're satisfied, click “Submit”. You could be requested for verfication via email/phone before a withdrawal.

Binance Withdraw

Kudos! You have successfully purchased and stored Obyte (GBYTE).

That's it!

Take offs from Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you have confirmed your withdrawal with Etherscan.io or Ethplorer.io and the (GBYTE) Obyte is stored inside your wallet, you are done.

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